Summary by Moomoo AI
Bakkt Holdings, Inc. (BKKT) has announced a reverse stock split that is scheduled to take effect before the market opens on April 29, 2024. The reverse split will be conducted at a ratio of 1-for-25, meaning that each Class A Common Share of BKKT will be converted into the right to receive 0.04 new Class A Common Shares of Bakkt Holdings. In conjunction with the reverse split, the option symbol for Bakkt Holdings will change from BKKT to BKKT1. The new CUSIP number for Bakkt Holdings will be 05759B305. The adjustments to the options contracts are set to occur on the effective date of the reverse split, with the new multiplier for contracts being 100 and the new deliverable per contract being 4 new Class A Common Shares.
